The Indian master franchise will be led by Suresh Raghuraj and Deepika Loganathan, both of whom bring extensive experience in multi-brand franchising.
Business News
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Kumar previously spent nearly a decade with Nike, during which he held key communications and marketing roles across India and Southeast Asia.
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The decision is intended to address supply chain challenges and ensure the continued availability of essential petrochemical inputs for industrial use across the country.
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During the quarter, the retailer continued to expand its footprint, opening 29 new stores and closing 6, taking the total store count to 577 as of 31st March 2026.
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The scheme continues to function as a crucial support mechanism for the textile export sector, particularly benefiting MSMEs, which account for a significant proportion of its beneficiaries.
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The increase follows a sustained upward trend driven by escalating global cotton prices linked to the ongoing conflict in the Middle East.
